If Your Brokerage Fails, What Happens To Your Account? (Schwab, Fidelity, Vanguard) | Rob Berger

Wealthion - Be Financially Resilient · Apr 14, 2023 · 18m

What will happen to your investments if you have them in a major brokerage -- like Schwab, Fidelity or Vanguard -- that goes bankrupt? Personal finance expert Rob Berger explains in today's video.

He also addresses the question: How can tell I tell how safe my bank is?

In his answer, Rob mention this ratings agency as a resource: https://weissratings.com/en/banking

Here's what SIPC covers: "SIPC first divides up the broker’s remaining assets among investors, then uses its own funds — up to $500,000 per account, with a limit of $250,000 in cash — to buy the same number of shares you originally…